Va Tech Wabag spurts on bagging orders worth Rs 141 crore

27 Apr 2016 Evaluate

VA Tech Wabag is currently trading at Rs. 577, up by 1.35 points or 0.23% from its previous closing of Rs 575.65 on the BSE.

The scrip opened at Rs. 575.65 and has touched a high and low of Rs. 587.00 and Rs. 571.60 respectively. So far 17073 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 833.00 on 06-Jul-2015 and a 52 week low of Rs. 409.30 on 01-Mar-2016.

Last one week high and low of the scrip stood at Rs. 593.25 and Rs. 556.35 respectively. The current market cap of the company is Rs. 3143.35 crore.

The promoters holding in the company stood at 28.94% while Institutions and Non-Institutions held 52.44% and 18.61% respectively.

Va Tech Wabag has won a Wastewater Treatment Plant (WWTP) order in Nepal for a value of Rs 141 crore. The order which will be funded by the Asian Development Bank (ADB) also includes Operation & Maintenance of the WWTP for a period of 10 years. This is the second order secured by the company from Nepal, the first one being the Melamchi Water Treatment Plant order which is funded by JICA.

The scope of the order includes Rehabilitation and Expansion of Wastewater Treatment Plant at Guheshwori in Nepal. The company will be carrying out rehabilitation and expansion of the WWTP, while the existing plant will be kept operational. The Plant which was constructed in 2002 to treat an average flow of 16.2 MLD, post rehabilitation and expansion, will double the capacity to 32.4 MLD. The salient feature of the plant would include generation of power from bio-gas produced out of the sludge.

VA Tech Wabag is a leader in the Indian water technology market and currently holds a market share of around 14 percent. The company has consolidated its’ specialist reputation through a number of innovative and path-breaking projects in the fields of water treatment and wastewater recycling.

VA Tech Wabag Share Price

1694.70 -7.80 (-0.46%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
VA Tech Wabag 1694.70
Race Eco Chain 345.15
Antony Waste Hand 612.25
RESGEN 112.05
GEM Enviro 152.55
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.